Asian Currency

Asian Currency

EMERGING MARKETS-Asian currencies edge lower, stocks mixed ahead of US inflation data

By Ayushman Ojha Feb 28 (Reuters) - Most Asian currencies inched lower on Wednesday while equities were largely mixed as traders remained cautious ahead of a key U.S. inflation reading due on Thursday that could give clues on the timing of rate cuts by the Federal Reserve. The Philippine peso PHP= was down 0.4% and the Indonesian rupiah IDR= weakened 0.3%, both on track for their fourth consecutive decline. The Malaysian ringgit MYR= was largely unchanged at 4.758 per U.S. dollar after gaining 0.3% in the previous session. The currency...
Asian Currency

EMERGING MARKETS-Most Asian stocks decline, currencies subdued ahead of U.S., regional data

By Ayushman Ojha Feb 27 (Reuters) - Most Asian currencies weakened on Tuesday while stocks also extended losses ahead of key U.S. and regional economic data this week which could provide clues about interest rate outlooks from the Fed and other central banks. Singapore shares .STI fell as much as 1.1% to their lowest since Feb. 14, while Taiwan stocks .TWII lost as much as 1%. Indonesian stocks .JKSE lost up to 0.4%, on track for their fifth consecutive session of losses, and Philippine shares .PSI retreated 0.6%. Regional currencies...
1 2 3 31
Page 1 of 31